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True! I imagine Costco would boganise a place, but I don't want to dwell on the negative. Forget Costco - The whole region is so much nicer than it was 20 years ago in my opinion - what would I know about desirability to other people?

You mightn't shop for bargains but plenty of consumers do. Consumers = tenant pool

Deadcliffe might mean the old fashioned (retro!) shopping strip and lack of high-life. Redcliffe used to cater heavily towards its elderly population. As more and more young families have moved in, the whole area now has coffee shops and restaurants and even Bridal and photography businesses...